TCIEXP 1 Day View📈 Daily Pivot Levels
Calculated using standard pivot point analysis, the key levels are:
Pivot Point (PP): ₹727.12
Support Levels:
S1: ₹715.38
S2: ₹707.77
S3: ₹696.03
Resistance Levels:
R1: ₹734.73
R2: ₹746.47
R3: ₹757.21
These levels suggest that the stock is trading above the pivot point, indicating a bullish sentiment.
🔍 Key Technical Indicators
Relative Strength Index (RSI): 57.20, indicating neutral momentum.
Money Flow Index (MFI): 42.84, suggesting a balanced buying and selling pressure.
MACD: 3.07, with a signal line at 1.32, indicating a bullish crossover.
Average Directional Index (ADX): 14.91, reflecting a weak trend strength.
Average True Range (ATR): ₹19.41, indicating moderate volatility.
These indicators collectively point towards a cautious bullish outlook, with the stock showing potential for upward movement but lacking strong momentum.
📊 Fibonacci Retracement Levels
Based on recent price movements, key Fibonacci levels are:
Retracement Levels:
23.6%: ₹714.58
38.2%: ₹705.11
50%: ₹697.45
61.8%: ₹689.79
Projection Levels:
23.6%: ₹734.82
38.2%: ₹744.29
50%: ₹751.95
61.8%: ₹759.61
The stock is currently trading above the 23.6% retracement level, suggesting potential for further upward movement towards the projection levels.
📌 Summary
TCI Express Ltd. is currently trading at ₹749.40, above the pivot point of ₹727.12, indicating a bullish sentiment. The stock is showing potential for upward movement towards the resistance levels, with key indicators supporting this outlook. However, the weak ADX suggests that the trend strength is not strong, and investors should monitor the stock closely for any signs of reversal or breakout.
